Liberty Media is on the move again, this time entering into a definitive agreement with fourth-ranked MSO Charter Communications to acquire nearly 27 million Charter shares and approximately 1.1 million warrants for some $2.6 billion, translating into an approximate 27.3-percent beneficial ownership in Charter and a $95.50 price per share. The investment funds are managed by, or affiliated with, Apollo Management, Oaktree Capital Management and Crestview Partners; Liberty says it expects to fund the purchase with cash on hand and new loan arrangements. The chairmen of both companies – John Malone and Eric Zinterhofer – both praised Charter (and Charter President/CEO Tom Rutledge) for its forward-looking strategy, market position and growth opportunities, and they characterize this investment as being part of the financial pathway to sustained future success. The shares/warrants deal should close sometime in the second quarter.

The Daily

Subscribe
Thursday–April 23

WBD Shareholders Approve PSKY Merger

Warner Bros. Discovery ’s stockholders voted “overwhelmingly” to approve the $110 billion merger with Paramount Skydance during a special meeting Thursday. Notably, shareholders voted down WBD CEO David

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

May 5
T Howard Annual Awards Dinner T. Howard Foundation Annual Awards Dinner
Jun 4
2026 Cynopsis Sports Awards Presented in partnership with Cablefax
Jul 10
2026 Top Ops AwardsTop Ops Awards Entry Deadline
Nov 3
2026 Most Powerful Women Awards2026 Most Powerful Women Awards
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact us at marketing@cynopsis.com, for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.